“The governor’s executive budget reflects New York’s economic recovery,” said Senator Betty Little. “The financial picture is improving slowly, there’s reason to be optimistic but a need to budget cautiously.
“Progress is continuing toward adoption of a new state budget due at the end of this month. Today’s passage of budget resolutions by the Senate and Assembly moves us closer to agreement with the governor on a new fiscal plan. The conference committee process can now begin and differences between the various proposals discussed and worked through in the next few weeks.
“It’s good to complete a budget on-time for a second consecutive year and also do so in daylight. The new budget continues to reorient New York State government, putting it on a much more sustainable financial trajectory. The budget does not increase taxes, restrains spending and focuses on the issue important to most New Yorkers – job creation. Although the economy is steadily improving,
“Governor Cuomo’s proposed budget is much of what I expected with a continued focus on the economy and a commitment to not increase taxes. The less than two percent spending increase reflects the fact that revenues are still weak. The good news is the size of this year’s budget deficit is much more manageable than the previous two indicating that our current budget has been fiscally responsible.
"The new budget keeps state spending below a two percent cap for a third consecutive year, funds programs and services important to many in our communities and includes new tax relief to help families and businesses. On-time is what should always be the case, but doing so three years in a row, given the past track record, is a good trend.